Settings8H · net · $10k
Funding arb · Price arb /

SONY

RWAall SONY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: HTX against Variational Omni−0.066%57s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. HTX is 0.066% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.2 days of funding at the current rate (+$3 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SONY23.7360get 0.0000% / 8h3h 24m$47K$41K
ShortHTX SONY-USDT23.7200.0100get 0.0100% / 8h3h 24m$8K$8K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Variational Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$21
Price spread: −0.066% → 0.000%
−$6.58
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee HTX: 6 bp × 2 orders
−$12
Net
$2.42
Costs to cover
0.120%
Break-even
6.2 days
Slippage unknown: Variational Omni: no order-book sample; HTX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell HTX no order-book sample
Variational Omni and HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SONY on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance SONYUSDT0.0000%8h23.742+0.026%$352K$284K20xas long as short
Bybit SONYUSDT0.0000%8h23.720−0.066%$99K$33K25xas long as short
OKX SONY-USDT-SWAP0.0000%8h23.720−0.066%$75K$30K10xas long as short
Gate SONY_USDT0.0000%8h23.733−0.011%$64K$99920xas long as short
Bitget SONYUSDT0.0000%8h23.688−0.201%$149K$8K20xas long as short
Variational Omni SONYlong0.0000%8h23.736long leg$47K$41K
HTX SONY-USDTshort+0.0100%8h23.720−0.066%$8K$8K10x
KuCoin SONYUSDTM+0.0591%8h23.740+0.019%$51K$382K20xas long as short